Developers in Singapore sold 312 units in May 2025, marking a 52.9% decrease from the previous month, according to Huttons Data Analytics. The sharp decline is attributed to the absence of major property launches during the month. Only 20 units were launched, a staggering 98.5% drop from April 2025 and 92.6% lower than May 2024.
Despite the downturn, sales figures were 39.9% higher than the same period last year, indicating resilience in the market amidst uncertainties. Huttons estimates that developers have sold 4,350 units in the first five months of 2025, accounting for 54% of their annual sales projection.
The top-selling projects in May were located in the Outside Central Region (OCR) and Rest of Central Region (RCR). Notably, One Marina Gardens and Bloomsbury Residences, both offering units below $1.5 million, contributed to 30.1% of the month’s sales. The RCR dominated with over 60% of sales, whilst the OCR accounted for a third.
Singaporeans comprised 83.4% of buyers, with Permanent Residents (PRs) making up 14.4%. All three units priced above $10 million were purchased by PRs. Foreign buyers showed a slight decrease in activity, with five purchasing units at One Marina Gardens.
Looking ahead, the market anticipates the launch of Otto Place, an Executive Condominium (EC), in July 2025. The conclusion of a trade framework between China and the USA is expected to boost market confidence. Developers are projected to sell between 7,500 and 8,500 units in 2025, with prices forecasted to rise by 4% to 7%.
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